Two-Level Residential Income
For Sale
$255,000
14622 BAUER DRIVE Unit 4, Rockville, MD 20853
The 1,070-square-foot residence has two bedrooms, a renovated bathroom, and a private balcony.
Property Size1,070 SF
Price / SF$238.32
Days on Market168
Property Features for 14622 BAUER DRIVE Unit 4
General Information
Standard status
Active
Size
1,070 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,439
Amenities
seasonal outdoor swimming pool
tennis courts
on-site laundry
Building Details
Building Size
1,070 SF
Year Built
1967
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 15
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jack Realty Group
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Investment Insights
Based on property information with market context.
This two-level condominium offers 1,070 square feet with two bedrooms and one renovated bathroom. The kitchen, living room, and dining area connect on the lower level; both bedrooms are upstairs. Hardwood floors, solid wood doors, central heat and air, and a private balcony are among the unit’s features. The living and dining areas overlook a grassy hillside and trees. One designated parking space and a hang tag for a second vehicle are included. Laundry facilities are located downstairs, and the unit has space for a washer and dryer.
Community amenities include an outdoor swimming pool and tennis courts. A recreation center is across the street, and an entrance to Rock Creek Trail is a short walk away. Safeway, other shops and restaurants, Rockville Town Center, Metro, and additional shopping and transportation are nearby. The association fee includes water, hot water, and winter heat.
Community amenities include an outdoor swimming pool and tennis courts. A recreation center is across the street, and an entrance to Rock Creek Trail is a short walk away. Safeway, other shops and restaurants, Rockville Town Center, Metro, and additional shopping and transportation are nearby. The association fee includes water, hot water, and winter heat.
Key Highlights
- 1,070‑square‑foot, two‑level residence with two bedrooms and one bathroom
- Renovated bathroom, hardwood floors, solid wood doors, and central heat and air
- Private balcony with views of a grassy hillside and trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,667
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,340
$353.3K
Cap Rate 7%
$252,386
$252.4K
Cap Rate 9%
$196,300
$196.3K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$34.5K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$32.1K $30.02/SF
− OpEx
−$14.5K −$13.51/SF
NOI
$17.7K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,340
Cap Rate 7%
$252,386
Cap Rate 9%
$196,300
Alternative Uses
Best Use
Apartment 5plus
$252.4K
$220.8K – $294.5K
NOI $17,667 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$376.4K
$329.4K – $439.1K
NOI $26,348 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
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Business Placement
Demographics for 20853, MD
30,611
Population
10,028
Households
3.1
Avg Household Size
42
Median Age
51%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
3,401
Density / Sq Mi
$157,168
Median Household Income
$59,201
Median Earnings
$1,944
Median Rent
$605,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1,070-square-foot residence has two bedrooms, a renovated bathroom, and a private balcony.
Where is this residential income property located?
The property is located at 14622 BAUER DRIVE Unit 4 Rockville, MD.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,070‑square‑foot, two‑level residence with two bedrooms and one bathroom; Renovated bathroom, hardwood floors, solid wood doors, and central heat and air; Private balcony with views of a grassy hillside and trees
